Educational Improvement Tax Credit(EITC)

Attention Businesses!

Donate to MAEF and receive a 90% tax credit through the EITC Program!

Because the Meyersdale Area Education Foundation is recognized by the PA Department of Community and Economic Development as an Educational Improvement Organization (EIO), we are able to receive donations through the Educational Improvement Tax Credit (EITC) program!

The EITC program is a state-funded program that allows eligible businesses to receive a 90% tax credit on contributions made to MAEF or other state-approved EIOs. For example, if a business chooses to contribute $10,000 to MAEF through the EITC program, that business can receive a 90% tax credit of $9,000! The credit can then be reinvested into your own business and support the local economy. In addition to the generous tax credit, the business's donation can also be claimed as a deduction on your federal taxes.

Eligibility Guidelines for Businesses

To qualify for the EITC program, businesses must pay one of the following taxes:

Eligible businesses can apply for the EITC program starting July 1 (or the first business day in July) for the current tax year. The application process simple! Businesses must complete a one-page application - that's it! Go towww.newPA.com/EITC﻿﻿ t﻿o get started.Once your business applies and has been approved to participate in the EITC program, you will receive a letter from the DCED informing you that you have 60 days to make your contribution to MAEF. For more information about the EITC program or to apply, please refer to the following materials:

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